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China Power International Development ( (HK:2380) ) just unveiled an announcement.
China Power International Development Limited announced that its subsidiary, Tianmen Clean Energy, has entered into EPC Contracting Agreements with Shandong Institute for two wind power projects in Tianmen, Hubei Province. These agreements, valued at approximately RMB939,202,000, involve comprehensive services including project surveying, design, and construction. The transactions are classified as connected transactions due to the relationship with SPIC, the company’s controlling shareholder, but are exempt from independent shareholders’ approval.
The most recent analyst rating on (HK:2380) stock is a Buy with a HK$3.50 price target. To see the full list of analyst forecasts on China Power International Development stock, see the HK:2380 Stock Forecast page.
More about China Power International Development
China Power International Development Limited is a company incorporated in Hong Kong with limited liability, operating in the energy sector. It focuses on power generation projects, particularly in renewable energy such as wind power.
Average Trading Volume: 17,595,340
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$42.92B
Find detailed analytics on 2380 stock on TipRanks’ Stock Analysis page.